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CSPAN
Jack Lew Testimony 2011

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Jan 13, 2013

budget surpluses in a row. for all of this talk about deficit reduction, making sure our books are balanced, this is the guy who did it three times. he helped oversee what our nation's finest universities and largest investment banks. in my administration, he has managed operations for the state department and the budget for the entire executive branch. i have sought his advice on virtually every decision i have made from economic policy to foreign policy. one reason he has been so effective in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. over the years, he has built a reputation as a master of policy can work with members of both parties and ford principled compromises. maybe most importantly, as the son of a polish immigrant, a man of deep and about face, he knows that every member on a page, every dollar we budget, every decision we make has to be an expression of who we wish to be as a nation, our values. values that say everybody gets a fair shot at opportunity. and says we expect all of us to

CNNW - CNN Newsroom

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CNNW
CNN Newsroom

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Jan 14, 2013

that they have to try to cut spending to deal with the nation's deficit. we're watching what's going on at the white house, we'll have the full coverage of the news conference leading into it. we're also watching right now what's happening in newtown, connecticut. one month to the stay after that brutal massacre, you're looking now at live pictures, a news conference there, they're going to read a poem, let's listen in. >> it is a sad honor to be here today. it's been one month since i lost my son dillon and 25 other teams lost their loved ones. at times it feels like only yesterday and at other times it feels as if many years have passed. i still find myself reaching for dillon's hand to walk through a car parking lot. it's so hard to believe he's gone. at the same time i look at our community and what has been achieved in one month. a vacant school has been lovingly restored with great care and attention to welcome students back into a peaceful and safe environment. many businesses and groups are promoting the love we have in newtown as well as fundraising to help those in most nee

CSPAN - Newsmakers

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CSPAN
Newsmakers

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Jan 13, 2013

to the point of dealing with the biggest deficit this country faces the jobs deficit. and to me this bill simply put a band aid on the problem. it did do something the president wanted to do, committed to do. he delivered on the promise to try to help protect the middle class but my fear is that in these next 3 -- three political maneuvers we're going to see that people will start attacking the middle class and i believe that this was our best opportunity to really take care long term the issues that we need to address to a balanced approach. >> so to follow up, you voted early, i was watching the board. you voted early. you didn't vote to see if it was going to pass and then vote no. was the idea that obama kind of lost some leverage there that you wanted to see it fail because obama now has to go back to the debt ceiling and he doesn't have the benefit of tax cuts looming? >> i knew it was going to pass. after the republicans walked away from the negotiations and then tried to plan b by speaker republican speaker bane thear failed where republicans wouldn't support their own speaker it

CSPAN - Newsmakers

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CSPAN
Newsmakers

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Jan 13, 2013

or the largest economy in the world. we need to get to the point of dealing with the biggest deficit in the country, the jobs deficit. to me, this bill simply put a band-aid on the problem. it did do something the president wanted to do, committed to do. he delivered on the promise to try to help protect the middle- class class. my theory is that in the next three political maneuvers that we are going to see coming up in congress, that people will start attacking the middle class. i believe this was our best opportunity to really take care long-term of the issues that we need to address to a balanced approach. >> to follow-up on that, you you voted early. you are not just waiting to see if it was going to pass and then vote no. the idea that obama kind of thatsome leverage theire, you wanted to see him fail, that he has to go back to the leverage -- that he does not have the leverage -- >> after the republicans walked away from the negotiations and tried the plan b by speaker boehner, it became clear, even after they tried to amend the senate yield that they could not do so dosh and

MSNBCW - NOW With Alex Wagner

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MSNBCW
NOW With Alex Wagner

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Jan 14, 2013

driver of our deficits, we can arrive at a package that gets this thing done. i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or you know, otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. that is not how historically this has been done. that's not how we're going to do it this time. what i'm saying to you is there is no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the ame

CSPAN - Weekly Addresses

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CSPAN
Weekly Addresses

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Jan 12, 2013

deficit. we need to great new jobs and boost family incomes. we have to protect our planet from the destructive effects of climate change. we need to protect our children from the horrors of gun violence. these will be difficult goals for america, but they must be met. if we could have the fraction of the termination of the men and women in, i know that we can meet them. i tend to work hard to make sure that we can. thank you. >> hello. i'm proud to represent the state of nebraska in the u.s. senate. i have traveled thousands of miles all across nebraska meeting with leaders and citizens to learn about their views and share my position on issues. during that time, i heard a single message over and over again -- washington must cut out of control spending. i agree. the american people are right to expect more accountability from their government. i recently saw a poll that three out of four americans support spending cuts across the boards. these hard-working taxpayers are tired of petty battles. they are frustrated with the lack of progress in their elected leaders. in 2009, the

CNNW - Your Money

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CNNW
Your Money

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Jan 12, 2013

. the rest of it, the red, came from barroing. that's the deficit. the subtotal of all these annual deficits plus the interest on it is the national debt. today the national debt stands at $16.4 trillion. the treasury the empowered to borrow money to support that but that's the debt ceiling. they are em bowered to borrow the money and write the checks to pay the bills already incurred by your democratically elected congress. today the debt creeling is $16.3 trillion, which is less than our testify sit. the u.s. breached the debt ceiling on december 31st, but the treasury can use what it calls extraordinary measures to raise an extra $200 billion. those extra funds will only last until about middpeb -february o early march. good luck trying to explain this to conservative talk radio show host rush limbaugh. >> that's right, rush. the debt ceiling was created so that congress wouldn't need to constantly authorize the treasury to borrow more money. raising the debt ceiling doesn't authorize any new spending. it authorizes payment. it does not increase deficits. it just allows the treasury to pa

CSPAN - CIA Director Nominee

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CSPAN
CIA Director Nominee

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Jan 13, 2013

the opposite. record increases in spending, the biggest peacetime deficit in history, no effort to address entitlements which have grown significantly more challenging. wouldn't you call this that anti-clinton budget? >> no, i'm very proud of the work i did in the clinton administration and i point out one of the reasons spending was falling as a percentage of gdp was the economy was growing so fast because we had a good fiscal policy that promoted competent and economic growth. if you look at the projections today, we are projecting the retirement of the baby boom and we see more people claiming their benefits. >> i want to get to that projection. it is part of the reality that even if we cut spending in the policies we are making, as we pay the policies that are due, there are areas where spending goes up. i don't think any of us want to be saying people should not be able to collect social security benefits when they are 65. that and medicare for people who are retiring are driving aggregate spending levels. on the discretionary side, we are cutting spending. >> which is why we are baff

CNNW - Your Money

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CNNW
Your Money

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Jan 13, 2013

, came from borrowing, the deficit. the sum total of all of these annual deficits, plus the interest is national debt. today the national debt extends at $16.4 trillion. the treasury is empowered to borrow money to make up for that shortfall. but only up to a certain amount. that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cn

FOXNEWSW - Happening Now

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FOXNEWSW
Happening Now

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Jan 14, 2013

to dominate his second. that is the nation's debt and deficit. we already reached the $16 trillion debt limit set by congress. treasury secretary tim geithner says his accounting tricks and maneuvers can only buy us a couple more months the president wants to call on congress to raise the debt ceiling without drama. he says even the threat, note to raise the debt ceiling could cause a down-tick in the nation's credit rating as it did in 2011. republicans are determined to use that leverage. it may be the only leverage they have to raise the nation's debt ceiling. in the past it has worked to demand spending cuts in exchange for raising the nation's debt ceiling. they intend to do it this time. heather? heather: a lot going on in washington. we hear rumors the president may address the issue of immigration reform. that may be one of the top priorities of his administration. is he expected to talk about that? >> reporter: perhaps but even before that the president is likely to be asked about efforts to curb the nation's gun violence with vice president biden set to give recommendations to the p

MSNBCW - The Rachel Maddow Show

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MSNBCW
The Rachel Maddow Show

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Jan 12, 2013

there about deficit reduction, making sure our books are balanced, this is the guy who did it three times. >> he didn't just talk about balancing the budget and tackling the deficit, he did it, three times. the president seeming to take a certain amount of pleasure in being able to describe his treasury nominee jack lew that way, given the deficit peacockery which pervades washington, honestly, particularly on the republican side of the aisle. republicans really like to talk about cutting the debt and cutting the deficit, as if that is the long-standing prerogative of their party. but it was under republican leadership that we passed two debt exploding rounds of george w. bush tax cuts as well as two wars without any plan to pay for any of it. in the process, republicans took a massive budget surplus that they inherited in 2001 and they turned it into a massive budget deficit eight years later. the person that they inherited the surplus from, that would be a guy by the name of jack lew. >> for all the talk out there about deficit reduction, making sure our books are balanced, this is the

CSPAN2 - International Programming

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CSPAN2
International Programming

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Jan 9, 2013

. this will be full and frank and unvarnished this afternoon. let me remind him that we said we would cut the deficit in did is down by 25%. we said we would cut immigration and it is down by 25%. we said we would balance the economy, 1 million private-sector jobs. that is a record to be proud of. >> he has to do better than that. because -- because this is what his adviser says. he said asia and publish the secret order because as problematic areas it would lead to unfavorable copy and identify broken clinches. >> it is a far cry from the rose garden because this is what they said. we should throw open the door to enable the public to account. have another go. it is the simple question. was it his decision not to publish the audit, from his adviser, it would overshadow favorable coverage? >> order! calm down! >> early in the year -- calm down. calm down. these are difficult times ahead. it is his decision not to publish the audit. it is my decision is being published this afternoon. is this really the best he can do? he had a week in the canary islands with nothing else to think of. he does not ask

FOXNEWSW - Special Report With Bret Baier

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FOXNEWSW
Special Report With Bret Baier

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Jan 14, 2013

the numbers for the deficit reduction so far. that is coming up later. up next, is the u.s. entering a new battleground in the war on terror? [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. >> bret: the youngest and most innocent are victims of the syrian war. 13 people were killed including eight chirp. >>> dense smog is causing problems in china. beijing is known,

CNNW - CNN Newsroom

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CNNW
CNN Newsroom

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Jan 14, 2013

spending, which is the main driver of our deficits, we can arrive at a package that gets this thing done. i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people. the threat that unless we get our way, unless you gut medicare or medicaid, or, you know, otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. that is not how, historically, this has been done. that's not how we're going to do it this time. [ inaudible question ] chuck, what i'm saying to you is that there is no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling. because this is about paying your bills. everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want, and then leave without paying the check. and if you do, you're breaking t

CSPAN - British Prime Minister's Questions

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CSPAN
British Prime Minister's Questions

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Jan 14, 2013

the deficit and it is down by 25%, we said we would cut immigration and it is down by 25%, we said we would rebalance the economy and there are 1 million private sector jobs. that is a record to be proud of. >> i am afraid he will have to do better than that. his adviser said that the government should not publish the secret audit because it had "problematic areas", would lead to "unfavourable copy", and identify "broken pledges" -- that is a far cry from the rose garden, isn't it? the government said they would "throw open the doors...to enable the public to hold politicians...to account." have another go. it is a simple question. was it his decision not to publish the audit because -- and i quote from his adviser -- it would "overshadow" favourable coverage? he should calm down. it is early in the year so calm down. you've got difficult times ahead. was it his decision not to publish the audit? >> it is my decision that it is being published this afternoon. is that really the best he can do? he has had a week sitting in the canary islands with nothing else to think of. he cannot ask about

CSPAN - Public Affairs

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CSPAN
Public Affairs

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Jan 14, 2013

before, and have bid have a conversation on how we reduce our deficits further in a sensible way. -- i would have a conversation about how to reduce our deficits in a sensible way. we can talk about how we can make sure we finance our workers getting properly trained and are schools getting the education they deserve. there is a whole growth agenda that is important does well. -- as well. what you have not seen as the notion that has been presented so far by the republicans that deficit reduction will only cover spending cuts, that we will raise the debt ceiling dollar for dollar on spending cuts. there are a whole set of rules that have been established that are impossible to meet without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sens

MSNBCW - MSNBC Live

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MSNBCW
MSNBC Live

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Jan 14, 2013

class is shrinking our deficits in a balanced and responsible way. and for nearly two years now i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stalize our debt and our deficit and n. a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research, all the things that help us grow. step by step we've made progress towards that goal. over the past two years i've signed into law $1.4 trillion in spending cuts. two weeks ago i signed into law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that will save an interest payments on the debt, all together that adds up to a total of about $2.5 trillion in deficit reduction over the past two years. not counting the $400 million already saved from winding dow

CSPAN2 - Book TV In Depth

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CSPAN2
Book TV In Depth

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Jan 12, 2013

deficit. tax cuts didn't just that in the bank accounts of rich people, they plunged the nation deeper into the red. >> guest: absolutely. in deficit financing and all these things for many years, what we looked at for this book, we didn't fully realize just how egregious those revenue losses had been. this is the point we make in the book. about people and what is happening in the american economy, the global economy is inevitable and the rest of the world is catching up with us which is why incomes are stagnant. we show it is very much because of public policy. these things are not happening on their own. taxes are perfect example. one of the statistics in the book that has absolutely stunned people, go back to the 50s and look at the richest americans which is a specific number of people, the 400 richest people, in the mid 50s they paid the 51% of their income in federal taxes. on the verge of the implosion, economic meltdown of 2008 those 400 richest americans, the percentage was down 16%. that is a huge difference. a lot of young people don't realize what has happened to the tax b

CSPAN - Public Affairs

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CSPAN
Public Affairs

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Jan 9, 2013

? >> the president has been very clear his absolute principle is we need to reduce our deficit in a balanced way that does not shift all the burden troop cuts exclusively on senior citizens. on families who have disabled children, families were trying to send their kids to school. that is unacceptable. one of the things we learned in the process we went through last year is when it comes to specificity, we never saw any specificity from republicans in terms of how they would achieve the kind of sweeping cuts they say they want. and from home with the demand that payment and what the president has been clear about is he will not negotiate. it is congress's responsibility to pay its bills. he will negotiate and is willing to compromise as his demonstrated repeatedly when it comes to moving forward in a balanced way to reduce the deficit. we have to do with the sequester. we have to deal with a variety of budgetary and economic and fiscal challenges. he will not negotiate over the debt ceiling. the threat itself is a problem. as we saw in the summer of 2011, the binary choice that republicans want

KGO - ABC News Good Morning America

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KGO
ABC News Good Morning America

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Jan 14, 2013

class is shrinking deficits in a balanced and responsible way. and for nearly two years now, i have been fighting for such a plan. one that would reduce our deficits by $4 trillion over the next decades. which would stabilize our debt and deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy but it would make it manageable so that it does not crowd out the investments we need to make in people, education, job training, science, medical research. step by step, we made progress towards that goal. over the past two years, i have signed into law about $1.4 trillion in spending cuts. two weeks i signed into law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that will save in interest payments on the debt, altogether that adds up to a total of $2.5 trillion in deficit reduction over the past two years. not counting the $400 billion already saved from winding down the wars in iraq and afghanistan. so, we have made progr

KQED - Moyers & Company

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KQED
Moyers & Company

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Jan 13, 2013

. our current obsession with slashing the deficit and avoiding that well-known and worn fiscal cliff is killing us, krugman writes, getting in the way of what really needs to be done, which is dedicating government to creating jobs and getting us back to full employment. he blames not only congress but the white house. paul krugman is professor of economics and international affairs at princeton university. since 1999, he's been an op-ed columnist at "the new york times" and now also writes a blog for the paper titled "the conscience of a liberal." according to the search engine technorati, it's the most popular blog by an individual on the internet. author or editor of some 20 books and more than 200 professional papers, krugman is a thinker so esteemed and widely known in his field he's become an icon. not only has he won the nobel prize in economics, he's also the subject of this song by the balladeer loudon wainwright iii -- ♪ i read the new york times that's where i get my news ♪ ♪ paul krugman's on the op-ed page that's where i get ♪ ♪ the blues 'cause paul always tel

CSPAN2 - Book TV In Depth

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Jan 7, 2013

CSPAN2
Book TV In Depth

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Jan 7, 2013

not opened a new loopholes, we would not be having discussions about the dangers of the federal deficit. tax cuts did not just that in the bank accounts of rich people to, they plunged the nation deeper into the red. >> guest: absolutely, and that think written about taxes and deficit finance for many years. and until we looked into it for this book we did not fully realize just how egregious those revenue losses have been. this is the point we make. a lot of people think what is happening in the economy, all this is inevitable and we are just -- the rest of the world is catching up with us and that is where incomes are stagnant and all this business. we show that it is very much because of public policy. these things are just not happening and and and. taxes are a perfect example of that. i mean, none of the statistics in the book -- one of the statistics in the book that has stunned people, go back to the 50's and look at the richest americans, which is a specific number of people come of 400 richest. the irs says track these people often on for many years. back in the mid-50s they paid 51

KNTV - Meet the Press

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Jan 7, 2013

KNTV
Meet the Press

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Jan 7, 2013

in the direction of beginning to solve our long-term debt and deficit problem? it's perplexing to me. that the president of the united states, elected to lead the country, is so reluctant to engage on the most important issue regarding our future. >> but you understand what the president told me last week and other democrats have said, the republicans had a chance to say yes to a number of things, in addition to the trillion dollars of spending cuts that were en80ed as part of the budget control act of last year. they could have had additional cuts in entitlement programs if you had agreed before you did it in this temporary measure. going back to the summer of 2011, the president said to all of you republican leaders, if you didn't have such a hard time saying yes to me as president we could have solved some of these issues why. is he off base about that? >> you can relitigate the past if you want to. where we are now is we have resolved the revenue issue, and the question is, what are we going to do about spending? i wish the president would lead us in this discussion, rather than

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Jan 9, 2013

app income. 75% to 11%, even to reduce the deficit, do not cut social security benefits. now, progressives, like myself, asking for a purity on the 75% portion of that issue is completely different from those on the right that are standing up to the 11% popular issue. his version of fair is essentially proposalling a 50/50 compromise or 60/40 compromise on the other side saying the votes. if 75% of the people are on the side, he should hot give a 50/50 deal to the republicans. >> host: too late, dick durbin, second in charge of the democrats, said look at deductions and loopholes, but say anything about going back to individual tax rates. >> guest: because we left hundreds of billions of dollars on the table in that round, the bar is higher for democrats this round, and that's numerous answers to make sure we preserve social security, medicaid, and medicare benefits. there's hundreds of billions of dollars in corporate tax loopholes, they can get away with murder, and venn the leader of the republican in the senate was on "meet the press" this weekend granted there were tax l

KQED - This Week in Northern California

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KQED
This Week in Northern California

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Jan 13, 2013

it different from the others that weren't? >> well, what makes it different is we have no deficit due to years of budget cuts and due to the new tax revenues we're realizing from voters' approval of proposition 30 in november and essentially as he said, this is a breakthrough. it's not without risks. he was careful to caution. it's only january. this is only the start of the budget process. we all mull it over see how the numbers develop. he puts out his may revision then the legislature starts fight over it and hopefully we have a document enacted by the end of june. we're only at the very beginning. there are a lot of risks along the way. there's a federal deficit that needs to be contended with that can have a lot of impact on the way the state gets and spends its money. the economic recovery is still sort of slow and struggling upward and any reversal on that could spell a change in our state revenues. the federal government or the courts could have a problem with some of the proposed budget cuts that we have made or want to make. it's happened a lot over the last few years. and increasing

KQED - McLaughlin Group

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KQED
McLaughlin Group

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Jan 13, 2013

presided over three budget surpluses in a row. so for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. >> the white house chief of staff, jack lew, was nominated by the president this week to replace outgoing treasury secretary timothy geithner. lew is a democratic veteran of washington, 30 years of service. currently he is president obama's chief of staff. earlier lew served as his budget director, and in that job he raised republican hackles. in fact, jeff sessions of alabama, the ranking republican on the senate budget committee, has already said he will try to block mr. lew's confirmation, notably over a statement lew made two years ago. lew was then omb, office of management and budget director. "our budget will get us over the next several years to the point where we can look the american people in the money th speaking to this, senator sessions had this to say. "to look the american people in the eye and make such a statement remains the most direct and important false assertion during ng my entire t i

CSPAN - Politics & Public Policy Today

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CSPAN
Politics & Public Policy Today

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Jan 14, 2013

for the middle class is shrinking our deficit and a balanced and responsible way. for nearly two years now i have been fighting for such a plan, one that would reduce the opposite by four trillion dollars over the next decade, which would stabilize the debt and deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of the economy, but make it manageable so it does not crowd out the investments we need to make in people and education and job training in science and medical research, all the things that help us grow. step-by-step we have made progress towards that goal. over the past two years i have signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed more than $600 billion in new revenue by making sure the wealthiest americans began to pay their fair share. when you add the money we will save an interest payments on debts, altogether that adds up to a total of 2.5 trillion dollars in deficit reduction over the past three years. not counting the $400 billion already saved from winding down and get

KCSM - Newsline

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KCSM
Newsline

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Jan 10, 2013

,000 jobs. finance ministry officials say a shrink in surplus is causing an account deficit here in japan. the current account is in the negative for the first time in ten months. financial analysts place the november account deficit at about $2.5 billion. the trade in goods deficit came to more than 9.5 billion dollar. eu and chinese consumers have been buying fewer japanese products. company directors saw exports fall by 4.2% over last year while imports rose by 0.8%. time to get a check on the markets. the yen remains weak on speculation that the prime minister will push for further monetary easing measures. the dollar hit the 89 yen level for the first time in two and a half years. that pair trading at 89.07 to 12 at the moment. the euro hit the 118 level for the first time in 20 months. that pair is changing hands at 118.10 to 15. market participants say worries about the debt situation in the euro zone has eased due to positive comments on the regional economy from the european central bank president. let's see how this is affecting the stock market. the weaker yen is prompting expo

CNBC - The Kudlow Report

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CNBC
The Kudlow Report

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Jan 9, 2013

, the baseball hall of fame is in a lot of financial trouble. eight deficits in the past ten years, the town of cooperstown is hurting because they're not getting the tourist attraction. this year is going to be a big zero with no one inducted. what's the hall of fame going to do? >> and that's what i thought of, the mom and pops down in cooperstown, new york. leading up to the induction ceremonies for a good chunk of their business. without anybody to induct next year or really anybody alive because the three players from the veterans committee are going in but they've been deceased for 75, 80 years, it's going to take a big impact on them economically. hopefully they can look beyond the horizon or the 2014 and say we might be getting four, five, six, maybe even seven players with veteran committee electees in 2014. so the drought of '13, hopefully for those kind of people will be made up for in 2014 economically. >> it looks like nobody will get in, can we waive the rules and put derek jeter in right away? can we put jeter in? >> i wouldn't have a problem with it. i think he might. but cer

SFGTV2 -

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SFGTV2

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Jan 9, 2013

, increasing efficiency, decreasing the budget deficit, and real focus that we appreciate in northern california on clean energy. for example, moving the state's goal to be 33% clean energy producing. it is my privilege to welcome governor brown to the panel. [applause] >> and to introduce our next panelist, i would like to welcome steve ballmer, senior bp -- vp. >> good morning and thank you. next up is governor hickel lipper -- hickenlooper. he is the serieaal a entreprener each of you have in your respective parts. he became very successful in the brew pub business. he never had a single election not even for stink -- a student council. governor? [applause] in keeping with the discussion, he is keen on innovation and things of that nature. i know that will come out. thank you, governor. >> are we all set? i am from the "mercury news," and we're here because we live in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to

KPIX - CBS 5 Eyewitness News at 5PM

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KPIX
CBS 5 Eyewitness News at 5PM

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Jan 10, 2013

for a while. we have gone from a $25 billion deficit to a slight surplus. governor brown rolled out his spending proposal today. it includes a general fund of $97.7 billion. it features an increase in spending for education, transportation, even a rainy day fund. cbs 5 reporter grace lee joins us from the newsroom and explains how the proposal represents the beginning of this new era, we hope. grace. >>> reporter: we have been talking about the bad times for so long it really is a new era. this is a governor who repeatedly has talked about fiscal discipline, even when things are starting to look good for california this year. so his message today is that that deficit may be gone but we still have a wall of debt to pay back from the hard years. and the biggest winner of his proposed budget plan, k-12 schools. after years of cuts, they are going to get $2.7 billion more next year and that number continues to rise so that by 2016 an extra $2700 per student per year will be spent here in california. now, the governor is not only adding money to public sc

KPIX - CBS 5 Eyewitness News at 6PM

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KPIX
CBS 5 Eyewitness News at 6PM

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Jan 10, 2013

deficit is gone at least for now. in fact, we have gone from a $25 billion deficit to a surplus. governor brown rolled out his spending proposal today including a general fund of $97.7 billion and features an increase in spending for education, transportation, and even a rainy day fund. cbs 5 reporter grace lee joins us with how this is beginning of a new era. >> reporter: budget chair senator mark leno called this budget a breath of fresh air after so many tough years of cutting back it's a different proposal that we're hearing. but the governor says this is knots the time to start spending wildly and is giving more money to schools but the way he wants to do it is already causing waves. >> drizzle... >> reporter: in the city of richmond, perry's elementary school has 600 students. every, single one on reduced or free lunch. and after years of cutting back, they have learned they will get more money under the new budget. >> we are thrilled with lower class sizes enhance the educational experience by actually having an extra period. so maybe

WBFF - Fox 45 Early Edition

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Jan 11, 2013

WBFF
Fox 45 Early Edition

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Jan 11, 2013

presidee over row. so for all the talk out there about deficit reduction, paking ure our books are balanced, this is the guy who did it, three tiims. jack lew, obbma's chief of staff and former budget director, has been by the president's side through bruising deficit reduction negotiatioos. but lew is not a ddrllng of wall street or repuulicans. in bobb &pwoodward's "the price off boehner ssys he told the - presiient "please don't senn jack lew" during the fragile debt ceiling neggtiations of 20111."it was unbelievabbe," boehner said. "at onn point i told the president, keep him out of here. i don't need somebody who just knows how to say no." with the lew announceeent, all of the president's top picks, state, briefing this week, reporters - have peppered press secretary observersshave dubbed "obama's white ggy problem". these storris are in eaction to a couple offappointmenns. i think it would be useful to &pwait and make judgments about this issue afferrthe preeident has made the totality of appointments that he will make in the ttansition to the seconddterm of obama's sixt

WBFF - Fox 45 Early Edition

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WBFF
Fox 45 Early Edition

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Jan 10, 2013

futher reduces the deficits byyraissng $622 from the wealthiest households in america." america." the compromise increassd the inccme tax rate to early 40 percent for those individuals making more than 400-thousand dollars.but the deal didn't really put a dent in the national debt so 3 increases ahead. ut ssme ecomomisss say therr just arrn't eeough very rich peoppe to keep the government & going very long. long."if you took not only the tax creases that president obama wants but it you every single penny and dollar thatt -3 they made over a course of a -3 year you'd only ankroll the & months that hardly seems like a meaning full solution. right and that assumes that people would still ork and stil invest. invest. so we decided to see - how something even more prastic wouud work.... what about taking 100 percent of in one year. we're talking about taking aboutt100 percent of their entire fortunes.. we went to the forbes magazine liit of 100 richest americaas. pnd we added up the entire buffet and the next 98 people -3 on the super wealthy li

KTVU - Mornings on 2

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KTVU
Mornings on 2

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Jan 14, 2013

it back. >>> time 7:17. some fall lists -- 7:10. some analysts say california's budget deficit could possibly be solved by getting oil out of shale in monterey. the monterey shale runs from los angeles to san francisco and macon obtain more than 400 billion barrels of oil. but getting it out, that's tricky. because of the san andre causes fault, the shale rock is not flat so drilling for oil is difficult. however, the u.s. energy information estimates more than $15 -- more than 15 billion barrels of oil can be recovered using new technology. >>> 7:11. how to move forward. the big debate taking place in newtown, connecticut, one month after the tragic school shooting. >> also, what will lance armstrong say? new details about his big interview with oprah just hours away. >>> it's cold out there. lots of upper 20s, 30s. doesn't matter. some of the wind chills in the teens. it will be sine but it is a little -- sunny but it is a little breezy. >>> one month after the newtown, connecticut shooting people there are now talking about what should be done with the building to sandy hook eleme

KNTV - Today

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KNTV
Today

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Jan 14, 2013

class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make people and education and jobs and science research. step by step, we've made progress towards that goal. over the past two years i've signed into law about $1.4 trillion in spending cuts. two weeks ago i signed into law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that will save in interest payments on the debt, altogether that adds up to a total of about $2.5 trillion in deficit reduction over the past two years. not counting the $400 billion already saved from winding down the wars in iraq and afghanistan. so we've made pro

SFGTV2 -

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SFGTV2

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Jan 12, 2013

our trajectory of our budget deficit is going to be. certainly, the budget is not simply a numbers issue. it has a big impact when you translate it into the lives of our residents. when you are talking about deficits that may impact the morning commute because you write muni -- you ride muni, or whether we're talking about closing down seven facilities, or whether we're talking about impacts to services, there is an impact to residents, so i think that impact of the budget is big, as well as economic growth for our residents. >> what are the biggest issues for your district? supervisor chu: sunset district is a great district. it has many residents who are families. we have a lot of families in our district. lots of kids, lots of seniors, people who have raised their families there for many generations, and one of the paramount thing is, aside from the larger issues that are important to the entire city -- i think the big issue that is really in people's minds is the state of the economy. how is it that we are going to be able to bring down the unemployment rate in san francisco? h

CNBC - The Kudlow Report

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CNBC
The Kudlow Report

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Jan 14, 2013

you the deficit. but the actual debt payment, are less than 90 cents on the dollar that we take in. so even if the president as he should should pays our debts, that leaves him with 90 cents on every dollar that comes in to fund the other priorities of government and he wants to threaten not to pay that debt service. i think that's irresponsible of the president to be suggesting default on the debt. we ought to be talking about a bipartisan solution to the spending problem that got us here in the first place. >> i have heard talk in the republican conference about a one or two or three month extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if he's still

FOXNEWSW - FOX News Sunday With Chris Wallace

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Jan 6, 2013

FOXNEWSW
FOX News Sunday With Chris Wallace

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Jan 6, 2013

by additional cuts to match the sequester issue and the long-term deficit. >> buy the argument? >> the cuts have yet to happen. they are scheduled for the out years. congress says give us the revenue now and we promise, we promise we will get the cuts. that is exactly what the fiscal cliff deal was. they got revenue now. no cuts in there. the same old same old. i tell folks back home all the time, remember, this is promises from politicians. it is not a promise from your parents or your pastor or your priest. it is politicians saying give us some revenue and we promise we will get to the balanced approach later and promise we will cut spending later. mitch mcconnell is exactly right. they just got revenue. we have to cut spending. we have a $16 trillion debt. the credit card is maxed out. we have to cut spending. he is exactly right. let's focus on the problem which is this government can't control spending. we have to get control of it. >> we spoke at length during the campaign when you were the president's point person on the budget and you repeatedly stated and said it again this morning simp

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Jan 9, 2013

. we have $16 trillion in debt. we have an annual deficit over a trillion dollars every single year, and we have $86 trillion in unfunded liabilities that we have no idea how to pay. the previous guest talked about raising taxes on rich people. the fact is you can take the net worth of every single american, take all of their money in their bank account, their homes, their cars, take everything, and you would be 30% short of the promises already made. you can't tax your way out of this. you have to have fundamental reform. you have to realign our entitlement systems so they are sustainable, and we have to be serious about this, and the pain of a temporary shut down pails in comparison to continuing the past we're on where we devastate our country and future generations. >> host: what do you think of the fiscal cliff deal that passed? >> guest: no good outcome achievable. we opposed the final deal because raising taxes on anyone is anti-growth. we have to focus op pro-growth policy to get the economy growing. we don't oppose new revenues, and revenues as a result of economic growth i

CSPAN - State of the State

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CSPAN
State of the State

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Jan 12, 2013

deficit with only 5 1/2 months left in the fiscal year when we took office. we cut over 200 programs and balanced the budget with no new taxes. in fiscal year 2011, the picture was even worse -- a projected $11 billion deficit on a budget of $29 billion -- in percentage terms, the worst in the nation. in total, we cut 832 programs. each department of government was reduced. an 8% cut in spending, in real dollars spent -- not against some phony baseline. but with this legislature's help, again we balanced the budget without raising taxes. because we had made the tough choices, last year's budget was a bit easier. we were able not only to balance the budget, but to actually begin to reduce taxes by enacting the first year of tax relief for job-creating small businesses in new jersey. meanwhile, we devoted a record amount in aid to schools in new jersey. and in the budget which governs the current year, even with growth in the national economy slowing again, we have been able to achieve balance with not only no new taxes, but with a second year of small business tax relief. and let me m

CSPAN - Public Affairs

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CSPAN
Public Affairs

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Jan 9, 2013

in mind. first is federal reform should produce savings for the federal government and the states. deficit reduction should not be accomplished by merely shifting those costs down to our states, or imposing unfunded mandates. states should be given increased flexibility to create efficiencies and achieve results. lastly, congress should not impose maintenance of effort provisions of states as a condition of receiving federal funding. in other words, it states receive federal cuts, washington should not demand the same level of service without providing the same level of funding. essentially, all of these points can and will be coming down to flexibility and partnership. we need the flexibility to take care of the unique needs of our citizens and the challenges of our states. what we do not need is a one- size-fits-all solution or more unfunded federal mandates passed on to our states. the need to be treated as partners, not underlings. we want to work to implement good public policy. as we told congressional leaders, reducing the deficit by shifting costs to the state is not indicative of

KPIX - CBS This Morning

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KPIX
CBS This Morning

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Jan 14, 2013

component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training, science medical research, all the things that help us grow. now, step by step we've made progress toward that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago, i signed in a law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that we'll save in interest payments on the debt, altogether that adds up to a total of about $2.5 trillion in deficit reduc

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Jan 10, 2013

health care regulations, taxes and deficits. last week's job report was mediocre. only 63% of our eligible workforce is even participating, and we don't see much improvement in unemployment throughout the year. so while our economy may be growing, it is a fragile growth, and not nearly strong enough to create the jobs americans need, or to expand their income. and now we face a series of new washington deadlines over deficits, spending, debt ceiling, sequestration, and a continuing resolution to keep the government running. we also faced other domestic and international uncertainties that have the potential to drive down competence -- confidence and discourage job creation from a regulatory flood here at home to economic problems in europe and japan, to geopolitical conflicts that could erupt into war at any time. we must also be concerned about america's capacity for leadership and action, and not only in government. in this country, and this is a country that can still get big things done, do we have the leaders with the courage to put the country first ahead of their own career

CSPAN - Washington Journal

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CSPAN
Washington Journal

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Jan 9, 2013

they 75% saide income tax, even to reduce the deficit, don't cut social security benefits. progressives like myself asking for purity on a 75% on the issue is completely different from those on the right standing up for the 11% of the population. their version of being fair is essentially opposing a 60-40 compromise the other direction on an issue which it owns 75% of the vote. its 75% of the people decide this, we should not be making a deal. host: is it too late to go back to the $250,000 tax mark? dick durbin said we will look at deductions and loopholes. he did not say anything about going back to individual tax rates. guest: because we lost hundreds f billions -- the bars eve -- because we left hundreds of billions of dollars on the table, debars even higher for medicare and so on. there are millions of dollars in corporate tax loopholes lost. even mitch mcconnell in the senate was on meet the press this weekend and granted there are tax loopholes that need to be addressed. here's the difference. republicans want this to be revenue neutral. they want to close the loopholes, save hu

KRON - KRON 4 Morning News

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KRON
KRON 4 Morning News

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Jan 14, 2013

our deficit and a balanced and responsible way. for nearly two years now, i have been fighting for such a plan. one that would reduce our deficit by four trillion dollars over the next decade which would stabilize our debt and our deficit and sustain us for the next decade. that would be enough not only to stop the growth of our debt and the size of our economy and make it manageable. education and job training in science and research and all of those things that help us grow. step-by-step, we have made progress towards that goal. over the past few years and signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed into law more than $600 billion in revenue by making sure the wealthiest americans began to pay their fair share. when you add the money that we will save in interest payments on the dead altogether that adds up to a total of about 2.5 trillion dollars and deficit reduction over the past two years. not counting the $400 billion already safe from winding down the wars and i rock and afghanistan. we have made progress. we are moving towards our ulti

KQED - Charlie Rose

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Jan 8, 2013

KQED
Charlie Rose

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Jan 8, 2013

and the question is can they come up with something else that would bring down the deficit instead of across-the-board sequester cuts scheduled for march 1. >> rose: i watched over the weekend the talk shows and mitch mcconnell, the leader of the republicans in the senate said the tax question is off the table. we've dwelt that so we only will deal with spending now. >> it's funny to watch everybody taking different things off the table. obama says i won't negotiate over the debt ceiling citing history, accurately, that it hasn't been an occasion for big policy changes. mcconnell is saying he won't negotiate over taxes. i think in the end we will have negotiating over all of these things and each side will decide what they were negotiating on and what they weren't and fly to say that publicly. realistically we'll have a negotiation over nearly all of these things. >> rose: do you accept this idea austan, that there was a real missed opportunity by the grand bargain as you talked about but even most recently dealing with the fiscal cliff to really make a deal that could have put a lot of this

MSNBCW - MSNBC Live

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Jan 7, 2013

MSNBCW
MSNBC Live

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Jan 7, 2013

to an agreement which would get our debt and deficit situation significantly under control and do it in a way that both sides could come out winners. and that's what we should be pointing towards. this should not be a zero sum game for one side and a winner take all game for the other side. this should be understood as an approach which has to involve compromise by both sides to get to the bigger and more important decision, which is that we bring the deficit and the debt under control. and the pathway has been fairly well defined. we've got to do something on the entitlements accounts. we're going to have to change the way we collect revenues this n this country and reform our revenue system. those two events are very doable. they can be done in a bipartisan way. the simpson/bowles commission proved that on which i served. so i think we've just got to step back, take a deep breath and say are we here to govern or here to confront? hopefully everyone will come out and say we're here to govern. >> former senator judd gregg, thanks for your time. >>> i want to bring in our monday morning politi

CSPAN - Politics & Public Policy Today

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Jan 11, 2013

CSPAN
Politics & Public Policy Today

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Jan 11, 2013

issues to develop a balanced deficit plan. a final f.y. 13 appropriation bill to replace the continued resolution and the president's f.y. 14 budget. congress' recent decision to delay pulling the trigger on sequestration for two months was a positive step. we welcome the delay, we're still deeply concerned about what may happen should we fail to reach deficit reduction agreement by the end of february. our nation's ongoing budget gymnastics exerts consequences on the air force and create an atmosphere of unease among our uniformed and civilian airman. failure to enact a budget along with the overhanging threat of large cuts creates wasteful churn. given we are now into the second quarter of fiscal year 2013, we can no longer live under the uncertainty of sequestration and the continuing resolution without taking action now. as secretarying petraeus described yesterday even though we're not presuming this worst case will occur planning for the third and fourth quarter es is required. we received the secretary's guidance to begin implementing prudent measures that will help met investig

FOXNEWSW - Cavuto on Business

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